| Despite reducing its exposure to hedge funds, the Australian state investor retains a substantial allocation to the asset class - but is especially keen on equities right now. Allocating one-sixth of a $78 billion portfolio to hedge funds and insurance-related assets is a major commitment, even for an investor as sophisticated as Australia's sovereign wealth fund.
Admittedly the Sydney-based Future Fund has cut what it calls its alternatives exposure (which comprises only the above two asset types) to 16% as of June from 19% a year earlier...............................................Full Article: Source
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